The Ottawa Business Journal’s second Business Survival Guide provided a series of articles with insights from experts on a range of topics, from maintaining employee morale during a period of layoffs, to understanding when to outsource, handling commercial leases, managing the books and getting the most out of a marketing budget.
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Frederic Boulanger, founder and CEO of Macadamian Technologies Inc., discusses the role his company plays as a software consultancy that helps clients develop successful products, the demands this puts on staff and how the company has remained a destination employer for the best talent. He stresses the importance of an “egoless” culture in which staff feel comfortable engaging with senior management, there is regular communication through forums such as town hall meetings, and staff have strong leadership thats maintain morale and productivity to ensure the company “stays the course” in challenging times.
Dedicated and productive employees are a reflection of the leadership, vision and organizational focus demonstrated by their superiors. This is no more evident than now, when the challenges of a recessionary economy demand that everyone provide their best effort and pull in the same direction to maintain the organization’s competitive edge.
Of course, basic human nature [...]
There is no overstating the importance of keeping good employees who make your business tick, especially when times are tough. Managers and owners can ill afford to divert the time and effort it takes to recruit and train replacements from the challenges of reduced cash flow, weak sales or sagging market share.
But while you may [...]
In a challenging economy, it’s natural for employees to be anxious about their job security and the future of the organization. They need reassurance and an expression of confidence from the top to maintain their morale and foster a positive outlook. Otherwise, it may take only one call from the competition to lure away them [...]
Employee retention. It’s one of the most important issues a business owner or corporate manager must wrestle with, especially in challenging times.
If done well, employees will feel valued. When they feel valued, they will run through the metaphoric brick wall for you in order to achieve your vital objectives.
However, if there isn’t a healthy focus [...]
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